Property Transfer Tax

HST To GST: Transition Rules For Real Property

On April 1, 2013, the Harmonized Sales Tax (HST) was replaced by the federal Goods and Services Tax (GST) and the BC Provincial Sales Tax (PST). The following questions and answers are intended to pr ...

What To Expect: Closing Costs

It’s easy to count your available cash, but remember that all of these cash savings cannot be used as your down-payment. There are last-minute costs, such as taxes, legal fees, appraisal fees, movin ...

What Other Questions Should You Ask?

Is a Property Disclosure Statement available? In British Columbia, sellers may have completed a Property Disclosure Statement. This statement provides information about the state of the home to potent ...

Buying & Selling Non-Residents

Non-Residents Buying Canadian Real EstateThere are no restrictions for non-residents purchasing real estate in Canada, though they may become subject to Canadian income tax laws, and will certainly en ...

Mortgage Info & Glossary

THE B.C. FIRST-TIME NEW HOME BUYERS' BONUS

Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one- ...

BC Home Owner Grant Threshold Keeps Pace With Assessments

To keep pace with rising property assessments, the BC government has raised the Home Owner Grant threshold to $1,285,000. The threshold is the maximum assessed value a property can reach to allow the ...